Gulf General Drops Most in 6 Weeks After $133 Million Default

May 23 (Bloomberg) -- Gulf General Investment Co. retreated
the most in more than six weeks after the Dubai-based investment
company defaulted on 489.2 million dirhams ($133 million) of
bank loans as of March 31 amid debt restructuring.

The shares dropped 7.4 percent, the most since April 10, to
32.7 fils at 1 p.m. in Dubai.